julie need to introduction but i way of just getting a bit of background, has been at accenture since0 and assumed the global ceo role in 2019. julie served on the world economic forum board of trustees and the board of trustees for the center for strategic and international studies, and she was also just named the number for most powerful woman. so thank you, julie for joining us. [applause] >> as we've heard today, we live in an increasingly uncertain world and an increasingly complex world so i thought i would start there. and to set the stage, we are now five years past once in a lifetime pandemic. we have a war in europe for the first time in 80 years. economic uncertainty. another war looming in the middle east. so in short i was wondering, these shocks that of redefine what is required of leaders today. can you talk a bit about the shifting landscape, what it is meant for accenture and for you as a leader. >> was great. first of all i'm excited to be here. big admirer of meridian house and all the work that's done. i will tell you i was at the colombia school of international a

accenture shares, assuming they might be at an all-time high, to my surprise they peaked in 2022. they were higher in february of '24 than they are now, and on the year only up 1%. >> a lot of this is still an open question, is this army of consultants going to drive real productivity gains? a year ago, we haven't seen a lot of follow through at the bottom lines. it also raises an interesting question. i mean, these consulting companies, the net impact of generative ai has been flat or decreasing their workforce. this is making use of 30,000 existing employees, and kind of using them in a different way, getting them trained with these ai tools and consulting. but kelly, look at ibm. they've been largely consultants. that stock hasn't gone anywhere for a decade, and they're in the business of helping implement technology solutions at different companies. >> including their own systems, as well. deidre, thank you. we look forward to hearing more from those executives later on. >>> sticking with the chipmakers, the whole group could face a new under the radar risk that could undermin

speaking of nvidia, they're expanding their partnership with accenture.vice for general tools. this comes as accenture said it drove $3 billion in bookings in the latest fiscal year. they have gotten a boom out of this so farr, brian. they'll continue to do this. accenture shares peaked and year to date have not done much. >> got a friend that used to work there. certainly the ceo putting her mark on the company for good or ill. we'll find out long term. if you are a thought and knowledge-based worker, i know you're told not to fear ai. don't worry, it's going to help you do your job better. or it's going to do your job for you. ai doesn't take sick days. doesn't take vacation. doesn't complain. >> i'm leaning out on the ai taking over anything narrative. >> me, too. >> if you don't start to see major companies -- at the margin maybe they're doing productivity enhancements. real gains starting to see co-pilot, adoption, in it will we see that i think the stocks will struggle. >> once they do productivity enhancements, then you're going to pro duct yoursel

i am looking at accenture. >> great call. nvidia and accenture have a fantastic relationship.ot of companies call and say how can i get integrated. they just really are good. i think it is a great buy. let's go to shane in california. >> booyah, jim. sending prayers to our friends in florida. i am a long time listener but first-time caller. i wanted to thank you for all you do for individual investors. my question for you is on dj t. i know you are a believer in fundamental analysis and looking at revenue, earning and all of those. when you have limited reporting and fundamental analysis is not available, do you flip to technical analysis to try to make an investment decision? >> i will tell you. if i do not understand a company, the technical analysis might inform me of a better decision. for that company i just don't understand it. i'm sorry. for that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. >>> coming up, trot out the horserace analogy. jockeying for profits in a three steed derby, next. discover

we both nvidia and accenture in the thesis for center is a.i.arts to take hold all the fortune 500 companies are going to need it consultants to tell them how to integrate the stuff into the company. i want to get your take on how beneficial back in before nvidia and candace ron continue. >> it's an interesting point when you look at in terms of what's happening with the stock it's been doing really well obviously a.i. is something that's been a big trend for a long time at this point that's how it starts out you move on to chips and software and that eventually consult in order to make things work really, really well. i think that's a great thesis and something that should work well in something you will see do well going forward b1 what is your take on the federal what happens next the ten year treasury traded around 4% the federal reserve minutes from the september policy meeting revealed most officials were pretty divided on whether or not to go as big as they did and how much to reduce rates with substantial majority favoring the larger hal

accenture comes in.out for you and give you a game plan and set it up for you and then you can actually take advantage of that. stuart: where is it going? >> i think probably another 25% from here over the next six months. stuart: over the next six months? >> yeah. stuart: i'd like to make 25% on my money in six months. i'll take it too. tepper thank you very much indeed. tim walz says the trump era tax cuts went to the top guys. ash, let's fact check him. is walz right? ashley: absolutely not. the data shows that statement is plainly false, according to a september 2020 report from the us senate committee on finance. middle income americans are the ones who saw the biggest decrease in total tax liability between 2017 and 2018 when the tax cuts and jobs act went into effect. the data by the way also shows americans with annual incomes between 50 and 100,000 show their tax liability drop twice as much as americans who make $1 million or more. by the way, walz also claimed trump hasn't paid any federal inc

. >> did you think the accenture deal was a big deal with nvidia? >> i don't have an opinion on it. >> you needed it to be not just hyper scalers. you can't build a business -- and they are not by the way -- around just mark zuckerberg and elon musk. i liked the deal because it said that the large companies that don't know how to use it are going to go to accenture and accenture will fill it out or they will go to dell or hp there's other companies that may want to buy them, not just -- not just met ata and not just tesla. >> we did mention yesterday in your absence, though, executives at chip companies selling about $1.3 billion in stock in the quarter. >> look, they've made a lot of money. people sell for a million different reasons. if they didn't sell and you were their adviser you would say, look, i think i should resign because i have so much money in these. that's my only explanation, otherwise why not let it ride? these people have such huge gains. they could be saying capital gains rates may be going up if one of the two people gets in, has

we also got more headlines tied to nvidia and ai as it expands a partnership with accenture. and levi's is slumping after the company cut its full-year guidance. lines across its home market and the doctors brand. we also got a wave of economic data in the u.s. that included numbers that showed services expanding in september at the fastest pace since february 2023. sarah hung from alpine woods spoke about the data. -- sarah hunt alpine woods spoke about the data. >> we are getting payrolls tomorrow. there is a lot that is coming that the bond market will react to. since early summer yields have been coming down. it has been fairly directional and not as bouncy as some of the bond moves had been earlier. vonnie: for more we are joined by bloomberg's michael mckee. take us into some of the subcomponents of this data. what showed strength or expansion. michael: we start with the headline, the highest since february last year, and that seem to come out of nowhere. we have strong orders for services and business activity. prices paid were also strong. there is inflation and a goo

nvidia announced yesterday they'll expand their partnership with accenture as they look to bring moreve ai abilities to corporate america, telling c thbs the move comes at an explosive time for ai in the workplace. >> what we're looking at now is the beginning of the next wave of ai. the biggest wave of ai this is really about companies around the world using ai to be more productive as their digital employees and ai agents and co-pilots, however people describe them, as well as using generative ai to revolutionize the way they build their products and the products they build. >> well, just this week, we saw a big name in the travel space integrate gen ai, priceline, which will help users plan and book trips it will make priceline one of the first companies to use the tech joining me now is the ceo. great to have you here, welcome. >> great to be here, especially to talk about generative ai. >> how did you go with generative a snii? >> we partner with several companies, but we're leaning heavily on openai, and their technology is impressive over the coming weeks, we'll see more and mo

nvidia announcing it is teaming up with accenture.on "overtime" last hour, talking about the next wave of a.i here's what he had to say. >> this is the -- now the beginning of a new wave called enterprise a.i., and then after that, as we're entering into enterprise a.i., we'll simultaneously develop and cultivate the wave after that, which is industrial a.i. it is incredibly hard to do. >> he was also asked about the state of current chip demand >> the demand for blackwell is insane everybody wants to have the most, and everybody wants to be first. >> it's insane the stock was up in the afterhours on the back of this, guy. >> there was a commercial back in the '80s in new york city where the -- the protagonist would talk about their prices being insane and -- i'm -- i'm not making any parallels. >> what happened to crazy eddie? >> you can google it yes, absolutely. and all that is priced in, and chris can speak to the technicals, but what i will tell you, that june 20th engulfing pattern that we've talked about a number of times has n

nvidia's jensen huang was on "overtime" yesterday, has struck this deal with accenture, is pushing further and then industrial ai and really sort of creating this i think as the two ceos called it connecting fabric to connect nvidia's bigger stack and software stack with the companies that are going to be looking to deploy these ai capabilities, so how quickly does it happen and with nvidia pushing further into that, how does competition with megacap tech names and others now continue to change >> consumer ai is going to happen quick because if we look up a recipe or a on a device, ram fictions are big, right? if we get the wrong information, jeffries put in the wrong information because a.i. told us to, they'll go to goldman sachs. i think enterprises are taking it slowly, taking test pilots very slow, on-ramps onto these a.i. journeys. i think ultimately we're, as they say, we're all going to underestimate the long-term, we're going to underestimate the near-term -- overestimate the long-term opportunities. jet lag. clearly, it's going to take time it's going to take time for this to pla

out with two pretty specific announcements, including strategic partnership with accenture.that can recent. that sounds clarey -- that sounds scary but the market seem to like it. jonathan: what a run on nvidia. five days of gains over that period. an additional 390 billion u.s. dollars of market cap. want to watch going into the opening. at 8:30 eastern tomorrow we will do jobless claims in cpi. later this afternoon we have fed minutes. as the week progresses it is about friday bank earnings. j.p. morgan wells fargo just around the corner. joining us is amanda lynam of blackrock. big questions about the payrolls report, the veracity of the data , and sustainability of the data and whether it means the fed will back away. how are you recalibrating your thoughts about what to expect from the federal reserve? amanda: presuming the inflation data comes in relatively in-line, there is a pretty clear path for the fed to cut to around 3.5%, slightly higher in 2025. then the conversations about the neutral rate of interest become that much more important. there's a lot of consterna